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Compaines act, 1956

(Querist) 24 May 2009 This query is : Resolved 
As per Indian Compaines act, 1956 can a indian co. granted the loan to the foreign employee or a foreign director or a subsidary company of it so in which section it is given & if the loan is given to the employee or director than they should hold a valid indian passport or a pan card as per compaines act, 1956 does the above provision is applicable or not.
A V Vishal (Expert) 24 May 2009
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